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Profits at London-based Man Group, the world’s largest listed hedge fund firm, more than halved last year, as AUM hit a record $167.5bn, an increase of 17% from the $143.3bn reported for 2022.
J Goldman & Co, a New York-based long-short equity hedge fund manager founded in 1986 by Jay Goldman, has signed a lease for space at a new Miami Beach office building that is expected to achieve some of the highest rents ever seen in the local market, according to a report by Bloomberg.
Pirum Systems, a provider of automated post-trade services, has appointed Frank Seibold as Head of Commercial Development, Americas. He will be based in New York and will work alongside Matthew Lilien, Head of Sales North America, as the firm continues to scale its business in the region.
Trading Technologies International, a global capital markets technology platform provider, has added connectivity to the European Power Exchange, the largest power exchange in Europe to the TT platform.
The European Energy Exchange and the Turkish energy exchange Enerji Piyasaları İşletme (EPİAŞ) have signed a memorandum of understanding to underline their joint commitment to developing the Emissions Trading System (ETS) in Turkey.
The Founder of quantitative hedge fund Cantab Capital Partners, Ewan Kirk, has said that recent steps by the UK government to curtail migration will damage universities and Prime Minister Rishi Sunak’s own ambitions to make Britain a hub for high-growth industries such as biotech and AI, according to a report by Bloomberg.
Michael Barr, the US Federal Reserve’s Vice Chair for Supervision, has warned that Wall Street lenders must do more to identify risks posed by firms they do business with as the central bank looks to increase oversight of risk from hedge funds and other counterparties, according to a report by Bloomberg.
Activist US hedge fund firm Elliott Investment Management has had a second improved offer to acquire Currys rejected by the board of the UK electrical and electronics retailer, amid rumoured interest from other potential suitors, according to a report by ThisIsMoney.
Former AllianceBernstein CIO Bob Kim is to launch Ascendance Asset Management, a new multi-strategy hedge fund firm that will employ artificial intelligence across its investing and risk management processes, according to a report by Business Insider.
Brevan Howard Asset Management has added Tekmerion Capital Management’s macro hedge fund to its platform, with Tekmerion’s systematic macro team set to manage both its own capital and money for other Brevan Howard funds, according to a report by Bloomberg.
